Chief Compliance Officer

Company Description

Invealth (a subsidiary of Tokiye Integrated Medical Services) is a private investment and management firm that identifies and optimizes key opportunities within its chosen sectors to create value for communities and returns for investors. The firm connects opportunities with private and institutional investors, with a focus on medium- to long-term growth. Invealth is committed to building efficiency and viability in its sectors of interest by attracting investment and implementing robust management structures. By ensuring sustainable growth across its portfolio, the firm aims to deliver measurable impact on people and stakeholders.

Role Description

The Chief Compliance Officer is a full-time, on-site role based in Port Harcourt, responsible for leading

the Bank's compliance function and ensure that its operations, products, services and business activities remain compliant with applicable laws, regulations, regulatory directives and internal policies.

The Chief Compliance Officer will provide independent compliance oversight, with particular responsibility for regulatory compliance, AML/CFT, KYC, customer due diligence, sanctions screening and regulatory reporting, helping to protect the Bank's licence, reputation and financial integrity.

Key Responsibilities

1. Compliance Framework & Regulatory Governance

• Develop, maintain and continuously improve the Bank's compliance framework, policies, procedures and regulatory obligations register.
• Monitor changes in applicable laws, regulations, CBN directives, NDIC requirements and other regulatory expectations and advise Management on their implications.
• Conduct periodic compliance assessments across the Bank's business and operational functions.
• Identify regulatory compliance gaps and recommend appropriate corrective actions.
• Maintain appropriate documentation and evidence of compliance activities.
• Provide independent compliance advice to Management and the Board on material regulatory matters.

2. AML/CFT & Financial Crime Compliance

• Lead the Bank's AML/CFT compliance framework in accordance with applicable regulatory requirements.
• Establish and maintain appropriate controls for identifying, assessing and managing money-laundering and terrorist-financing risks.
• Oversee transaction monitoring and ensure unusual and potentially suspicious activities are appropriately reviewed and escalated.
• Coordinate the investigation and reporting of suspicious transactions and other reportable activities to the appropriate authorities.
• Maintain appropriate AML/CFT records, documentation and reporting processes.
• Monitor the effectiveness of the Bank's financial crime controls and recommend enhancements where required.

3. KYC & Customer Due Diligence

• Establish and enforce appropriate customer identification and verification standards.
• Oversee the Bank's KYC and customer due diligence framework across all customer segments and channels.
• Ensure enhanced due diligence is applied to higher-risk customers, relationships and transactions.
• Monitor the completeness, accuracy and currency of customer information and documentation.
• Conduct periodic reviews of customer risk classifications and due diligence requirements.
• Work with Operations, Business and Risk to address KYC deficiencies promptly.

4. Sanctions, PEP & Screening Controls

• Oversee sanctions, politically exposed persons and other relevant customer screening processes.
• Ensure appropriate escalation and investigation of potential screening matches.
• Maintain effective procedures for reviewing and resolving sanctions and PEP alerts.
• Monitor the effectiveness of screening systems and controls.
• Ensure compliance with applicable sanctions and regulatory requirements.

5. Regulatory Reporting & Liaison

• Prepare, review and coordinate timely submission of compliance-related regulatory returns and reports.
• Maintain a regulatory reporting calendar and ensure all compliance submissions are completed within prescribed timelines.
• Serve as a principal compliance contact for regulators, working alongside the MD/CEO and other relevant executives.
• Coordinate responses to regulatory enquiries relating to compliance and AML/CFT matters.
• Support regulatory examinations and ensure identified compliance issues are appropriately addressed.

6. Compliance Monitoring & Testing

• Develop and implement a risk-based compliance monitoring programme.
• Conduct periodic reviews and testing of business processes, customer files, transactions and regulatory controls.
• Identify compliance breaches, control deficiencies and emerging regulatory risks.
• Escalate material compliance issues to Management and, where appropriate, the Board.
• Track remediation of compliance findings to closure.
• Maintain an appropriate record of compliance incidents, breaches and corrective actions.

7. Compliance Training & Awareness

• Develop and deliver regular compliance, AML/CFT and regulatory training programmes for employees.
• Ensure employees understand their responsibilities regarding KYC, AML/CFT, sanctions, customer protection and regulatory compliance.
• Maintain training records and monitor completion rates.
• Provide targeted training where specific compliance weaknesses or regulatory changes are identified.
• Promote a culture of regulatory compliance and ethical conduct throughout the Bank.

8. Product & Business Advisory

• Advise Management and business functions on the regulatory implications of new products, services, digital channels and partnerships.
• Review proposed products, customer journeys and third-party arrangements from a compliance perspective.
• Participate in relevant product and technology development processes to ensure compliance considerations are incorporated from inception.
• Provide practical recommendations for managing regulatory risks without unnecessarily restricting legitimate business activities.

9. Management & Board Reporting

• Provide regular compliance reports to the MD/CEO and relevant Board committees.
• Report significant compliance breaches, AML/CFT risks, regulatory developments and unresolved issues promptly.
• Present compliance trends, monitoring results and remediation status to Management and the Board.
• Provide recommendations for strengthening the Bank's compliance environment.

Qualifications

• Bachelor's degree in law, Accounting, Finance, Economics, Banking, Business Administration or another relevant discipline.
• Professional certification in compliance or AML/CFT, such as CAMS or an equivalent recognised certification, is desirable.
• CIBN membership or relevant professional banking certification is an advantage.
• A relevant postgraduate qualification is an added advantage.
• Strong expertise in Compliance Management, including developing, implementing, and monitoring compliance frameworks and policies.
• In-depth understanding of Regulatory Compliance requirements relevant to investment and asset management, with experience interpreting and applying regulations.
• Advanced Analytical Skills for assessing risk, reviewing transactions and processes, and drawing data-driven conclusions to support decision-making.
• Excellent Communication abilities, including clear written and verbal communication, stakeholder management, and the capacity to present complex information simply.
• Solid Finance knowledge, with familiarity in investment structures, portfolio management, and financial reporting to align compliance with business objectives.
• Proven leadership experience in a senior compliance or risk role, preferably within investment, asset management, or financial services.
• Demonstrated ability to work on-site in a fast-paced environment, manage multiple priorities, and uphold high ethical standards.
• Minimum of 15 years' relevant professional experience, with at least 5 years in a senior compliance, regulatory, AML/CFT or financial crime role within financial services.
• Experience in a Microfinance Bank, commercial bank, fintech, payments institution or other regulated financial institution is strongly preferred.
• Demonstrable experience in AML/CFT, KYC, transaction monitoring, regulatory reporting and regulatory examinations is required.

Core Competencies

• AML/CFT and financial crime compliance
• KYC and customer due diligence
• Transaction monitoring and investigations
• Sanctions and PEP screening
• Regulatory interpretation
• Compliance monitoring and testing
• Regulatory reporting
• Risk assessment and control evaluation
• Investigative rigour and attention to detail
• Regulatory stakeholder management
• Ethical judgement and professional integrity
• Clear communication and advisory skills

Benefits

An opportunity to establish and lead a critical compliance function within a growing Microfinance Bank, with significant responsibility for regulatory compliance, AML/CFT, customer protection and the preservation of the Bank's regulatory standing. The role offers broad exposure to financial services regulation and executive decision-making, together with a competitive compensation package aligned with the responsibilities and importance of the position.